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FINMA Strengthens Monitoring Tools 5/27/2012 During a recent sitting, the Swiss Federal Council adopted a report pertaining
to the development of monitoring and organizational instruments applied by the
Swiss Financial Market Supervisory Authority.
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GST Will Make India More Competitive, FinMin Says 5/27/2012 The introduction of an Indian goods and services tax will remove the hidden costs causing a lack of competitiveness, Finance Minister Pranab Mukherjee has said, arguing that the new tax will provide a more stable source of revenue, helping create a common market across India.
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HKMC Improves SME Financing Guarantee Scheme 5/25/2012 The Hong Kong Mortgage Corporation Limited has announced that with the
government’s support, it will introduce a new 80% loan guarantee product
under the SME Financing Guarantee Scheme, from May 31, 2012 and for a period
of nine months.
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US Treasury Describes Its Anti-Money Laundering Options 5/25/2012 A fact sheet issued by the United States Treasury Department has explained how
Section 311 of the USA PATRIOT Act of 2001 provides the Treasury Secretary a range
of options that can be adapted to target specific money laundering and terrorist
financing risks.
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Australian Superfund Managers Face Greater Scrutinty 5/25/2012 Legislation to increase scrutiny of Australia's superfund managers has passed its first legislative hurdle, news welcomed by the minister in charge, who has stressed that the reforms will close an important regulatory gap.
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Kirk Looks At Future Of US-EU Trade Relations 5/25/2012 After, earlier this month, the European Commissioner for Trade Karel De Gucht
had foreseen the possibility of a comprehensive free trade agreement between
the United States and the European Union in 2014, the US Trade Representative
Ron Kirk provided his view on US-EU trade policy during a recent speech in
London.
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Accountants Urge IRS To Simplify Foreign Pension Reporting 5/24/2012 The New York State Society of Certified Public Accountants is calling on the US Internal Revenue Service to provide a simplified method of electing deferral of US taxation on Canadian pension plans, and is requesting additional guidance on the taxation of foreign retirement and pension plans due to consumer confusion over the filing procedures required by such programs.
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CEPA Boosts Hong Kong's Industries 5/24/2012 The China/Hong Kong Closer Economic Partnership Arrangement services liberalization measures have boosted the development of Hong Kong’s traditional industries, Financial Secretary John Tsang says.
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Malaysia, Australia Sign FTA 5/24/2012 On May 22 in Kuala Lumpur, as a complement to the existing regional agreement between Australia
and the Association of Southeast Asian Nations, of which Malaysia was
one of the original members, Australia's Trade Minister Craig Emerson and his
Malaysian counterpart Mustapa Mohamed signed a comprehensive bilateral free trade
agreement.
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DIFC Promotes Advantages In US 5/24/2012 The Dubai International Financial Centre has concluded a road show to the United States, which, it is hoped, will lead to more US companies establishing a presence in the no-tax free zone.
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Guernsey Finance Influential In MENA Region 5/23/2012 Guernsey Finance, the promotional agency for the island’s finance industry, has
been named as one of the 50 most influential organizations working within the
Middle Eastern and North African funds industry.
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TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that
the twelfth round of negotiations, held recently outside Dallas, Texas, on the
proposed extension to the Trans-Pacific Partnership, between Australia,
Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made
better-than-expected progress.
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IRS Told To Improve FATCA Plans 5/21/2012 The United States Government Accountability Office has disclosed that, as
the implementation of the Foreign Account Tax Compliance Act should provide
the Internal Revenue Service with a substantial amount of new information,
Congress has asked for a review of how it plans to manage that information.
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Mauritius Joins Key Multilateral Regulatory Agreement 5/21/2012 The Financial Services Commission of Mauritius has become a signatory of the International
Organization of Securities Commissions' Multilateral Memorandum of Understanding, which sets out international standards on cooperation and information exchange for the robust regulation of securities and future markets internationally.
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NZ Accountants Call For Simpler Small Business Tax 5/18/2012 New Zealand’s tax system has become overly complex, the country’s Institute of Chartered Accountants has said, calling for simplification of the rules for small businesses and setting out proposals for reform.
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Dubai Economy Expected To Exceed Forecasts 5/21/2012 Dubai's Economic Council believes that the Emirate will achieve economic growth above the estimates of international institutions, with strong performance anticipated in many of its key sectors in 2012.
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Austria, Luxembourg Block EU Savings Tax Proposals 5/18/2012 Much to the deep annoyance and extreme frustration of European Union Tax Commissioner
Algirdas Semeta, Austria and Luxembourg have blocked the European Commission’s
plans to negotiate new and stronger savings tax agreements with Switzerland, Monaco,
Liechtenstein, Andorra and San Marino, aimed at strengthening cooperation in tax
matters.
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ASEAN, World Bank Monitor Progress To AEC 5/17/2012 The Secretariat of the Association of Southeast Asian Nations and the
East Asia and Pacific Region of the World Bank have signed an agreement for the
World Bank to provide advisory services to ASEAN to strengthen its capacity to
monitor progress towards achieving the ASEAN Economic Community.
|
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St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its
latest Budget to shift the tax burden from
direct to indirect taxes.
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BC Unveils New Sales Tax Law 5/16/2012 Kevin Falcon, the Finance Minister of the Canadian province of British Columbia, has introduced legislation to meet government's commitment to return to the Provincial Sales Tax on April 1, 2013.
|
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China, Switzerland Make Progress In FTA Talks 5/16/2012 The latest round of negotiations on the proposed free trade agreement between
China and Switzerland, which was held in Beijing on May 8-10, is said to
have reached some consensus and made significant progress.
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South Africa Consults On Retirement Savings Incentives 5/15/2012 Following the Minister of Finance Pravin Gordhan’s announcement in his 2012
Budget in February that the South African government is looking to provide incentives
for savings and the reform of the retirement industry, the National Treasury has
now published an overview consultation paper.
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Cayman Islands Target Brazilian Investors 5/16/2012 The Cayman Islands government has sought to bolster business relations with Brazilian investors
by taking part in the recent Brazil Investment
Summit.
|
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MEPs Agree Deal On Mobile Roaming Price Caps 5/14/2012 Data roaming and phone calls abroad for European Union consumers should be
much cheaper from July 1 this year, due to an agreement with the European Council
which has been endorsed by the European Parliament.
|
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De Gucht Sees EU-US Trade Treaty In 2014 5/15/2012 In a speech on the future of transatlantic trade, to the recent AmCham Germany
Annual Membership Meeting in Hamburg, the European Commissioner for Trade Karel
De Gucht foresaw the possibility of a comprehensive free trade agreement between the United States and the European Union in 2014.
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Cayman Regulatory Framework Endorsed 5/15/2012 Cayman Finance has welcomed the results of an independent study which places the
Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted
standards on identity verification during due diligence processes.
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Hong Kong Progresses Arbitration Centre Credentials 5/15/2012 As part of the government's determination to develop Hong Kong into a regional
dispute resolution centre, in particular as an international arbitration hub in
the Asia Pacific, the Secretary for Justice, Wong Yan Lung, has announced a broad
consensus in Hong Kong on the setting up of an industry-led single accreditation
body for mediators.
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Restrictions On Italian Private Tax Collectors Declared Illegal 5/11/2012 The Court of Justice of the European Union has decided the Italian provision
that private operators should have a share capital of at least EUR10m in order to be entitled to collect local taxes is contrary to European law on
freedom of establishment and freedom to provide services.
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San Marino Urged To Consider New Economic Model 5/11/2012 Despite a 15% decline in tax revenues in San Marino over the past two years,
authorities have been able to maintain a comparatively low deficit. However, the most significant
challenges relate to the stability of the nation's banking sector, which has suffered capital flight as tax transparency initiatives gain ground, a new International
Monetary Fund report says.
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Qatar DTA Will Boost Investment In Bermuda, Says Cox 5/11/2012 Bermuda's Premier, and Minister for Finance, Paula Cox, has stressed that the signing of a Double
Tax Agreement with Qatar will significantly strengthen the territory's ability to act as
a western hub for the Islamic financial services industry.
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Hong Kong Still Sees Problems On Mainland Services 5/11/2012 Secretary for Commerce and Economic Development, Gregory So, has replied to a
question in the Legislative Council regarding the tax and procedural difficulties
being experienced by the Hong Kong services sector in developing business in Mainland
China.
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IMF Identifies Risks In Swiss Banking Sector 5/11/2012 The International Monetary Fund has said in its latest Article IV consultation with Switzerland that, while the fiscal position is healthy, there remain a number of risks to the country's financial services sector, amid the possibility of a real estate bubble.
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Hearing Focusses On US Consumer Internet Privacy 5/10/2012 The Federal Trade Commission and the Department of Commerce have used their
testimonies before a hearing of the United States Senate Committee on Commerce,
Science and Transportation to describe the Administration’s efforts to protect
consumer privacy over the internet.
|
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Financial Crisis Hits Jersey Finance Industry Profits 5/10/2012 The Jersey government's latest statistical report shows a significant decline in the profitability and size of the nation's financial services industry since the start of the financial crisis, putting pressure on Jersey tax receipts. Recent figures for 2011, however, show modest signs of improvements.
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DIFC To Accept Credit Rating Agencies 5/10/2012 The Dubai Financial Services Authority has launched a consultation on new rules which would allow credit rating agencies to establish operations from the Dubai International Financial Centre tax-free zone.
|
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Offshore Merger And Acquisition Activity Rises 5/9/2012 A new report from Appleby shows that transaction values for mergers and acquisitions (M&A) in major offshore financial centers rose by 25% in the first quarter of 2012.
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IoM Will Not Follow UK's Lead On Taxing Business Jets 5/7/2012 The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the
territory maintaining many similar elements to the United Kingdom tax regime,
the island will not follow suit with the UK government's decision to begin taxing
small business aircraft under the Air Passenger Duty regime.
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Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong
Exchanges and Clearing Limited have both welcomed the enactment of the
Securities and Futures (Amendment) Ordinance 2012, which,
in particular, establishes a statutory disclosure regime for listed companies.
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South Korea, China To Start FTA Talks 5/4/2012 The Chinese Minister of Commerce Chen Deming and South Korea’s Trade Minister
Park Tae-ho have announced, after a meeting in Beijing on May 2, the official
launch of negotiations for a China-South Korea free trade agreement.
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IRS Accepting Applications For Taxpayer Clinic Grants 5/4/2012 After the recent disclosure that applications could be made for the Tax Counselling
for the Elderly and Volunteer Income Tax Assistance grant programmes, the United
States Internal Revenue Service has now also announced the opening of the
2013 Low Income Taxpayer Clinic grant application process.
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Insurance Ratings Agency Establishes DIFC Office 5/4/2012 A.M. Best, a leading provider of credit ratings and financial data for the insurance
industry, has received the necessary approvals to begin regional business from the Dubai International Financial Centre.
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HKMA Reviews Its Progress In 2011 5/3/2012 In addition to its actions to strengthen further the risk management of banks
through its supervisory actions and countercyclical measures on property mortgages,
the Hong Kong Monetary Authority pointed, in its 2011 Annual Report, to
its support to the further expansion of renminbi market activities in Hong Kong.
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ASEAN Enhances Patent Cooperation Programme 5/2/2012 As announced by the Association of Southeast Asian Nations Intellectual
Property Offices, their Patent Examination Co-operation
(ASPEC) programme has now been enhanced, after a regular review at a working
group meeting in Bangkok in November last year.
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Further Attacks Launched On Italian Tax Evaders 5/1/2012 Following an announcement by the Italian financial police, Guardia di Finanza, that it has already uncovered substantial amounts of undeclared income in the first four months of 2012, the Italian Revenue Agency launched countrywide anti-evasion checks during the May Day holidays.
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UK, EU Talk 'Shadow Banking' Regulation 5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier,
European Commissioner for Internal Market and Services, and Paul Tucker, the Bank
of England’s Deputy Governor for Financial Stability, have outlined their
views on policies for its better regulation.
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Bermuda Financial Services Conference Hailed Success 4/30/2012 Bermuda has welcomed the success of the Annual Bermuda Financial Services Conference,
held in London on April 24, 2012, which attracted an audience of more than 260 leading lawyers,
accountants and financial services executives.
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Kirk Explains US Asia-Pacific Trade Policy 5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
|
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DFSA Wins Regulatory Court Case 4/30/2012 The Dubai Financial Services Authority has won an important case before its own Regulatory Appeals Committee on the provision of financial services by a business and two of its company directors.
|
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Geithner Finds Progress In US-China Trade Relations 4/30/2012 In remarks made to the Commonwealth Club of California in San Francisco, Timothy
Geithner, the US Treasury Secretary, reviewed the development of the trading and
economic relationship between the United States and China, and pronounced that
significant progress has been made.
|
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Canada-EU Trade Talks Entering Final Straight 4/26/2012 An ambitious Canada-European Union trade agreement will benefit businesses and workers, ministers from Canada and Denmark said after they met to discuss the ongoing negotiations.
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Bermuda Signs TIEAs With Italy, Malaysia 4/27/2012 Bermuda Premier Paula Cox on April 23 signed additional tax information
exchange agreements with Malaysia and Italy in London.
|
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Bermuda Concludes Marketing Push In China 4/26/2012 Business Bermuda, the promotional agency for the territory's financial services
industry, has concluded a week-long business development and relationship-building
trip in Shanghai and Beijing mirroring the decisions of other small,
low-tax, financial centres targeting the region as a new source of financial services growth.
|
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Canada, Costa Rica To Expand FTA 4/25/2012 Canada and Costa Rica have concluded a third round of talks on the expansion and modernization of their existing free trade agreement.
|
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Gibraltar Consults Industry On Transparency Enhancements 4/24/2012 The Gibraltar government is seeking input from the finance industry to help it form a response to recommendations received from the Organization for Economic Cooperation and Development on improvements deemed necessary to the territory's fiscal transparency frameworks for the exchange of tax information.
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Swiss Parliament Adopts Tax Deal With Austria 4/25/2012 Switzerland’s Federal Council has recently adopted the text of the
withholding tax agreement with Austria.
|
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Canadian Budget Tax Legislation Tabled 4/24/2012 Canada's Finance Minister Jim Flaherty has tabled legislation which will implement certain tax provisions of his 2012 Budget, including reforms to tax shelters and minor changes to the sales tax system.
|
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Volcker Rule Conformance Period Clarified 4/25/2012 The United States Federal Reserve Board has clarified that an entity covered
by the Volcker Rule section of the Dodd-Frank Wall Street Reform and Consumer Protection
Act has the full two-year period provided by the statute fully to conform its
activities and investments.
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Guernsey Fund Lists On LSE 4/24/2012 A Guernsey closed-ended investment company has been used by Blue Crest Capital
Management in its Initial Public Offering of a fund on the London Stock
Exchange Main Market, advised upon by Channel Islands law firm Carey Olsen.
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NZ To Ease GST For Non-Resident Firms 4/23/2012 New Zealand is to remove goods and services tax 'impediments' for non-resident businesses in an effort to make the system less burdensome for such companies.
|
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Hong Kong To Trade Renminbi Futures 4/24/2012 Hong Kong Exchanges and Clearing Limited has plans to introduce renminbi currency futures in the third quarter of this year, subject to regulatory
approval and market readiness.
|
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Canadian Province To Introduce HST 4/23/2012 The Canadian province of Prince Edward Island will move to a harmonized sales tax system from April next year, with the government expected to table a package of legislative reforms later this year.
|
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BIS Issues Final Principles For FMIs 4/20/2012 The Bank for International Settlement’s Committee on Payment and Settlement
Systems and the technical committee of the International Organization of
Securities Commissions have published the final version of their ‘Principles
for Financial Market Infrastructures’ report.
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US, Colombia FTA Effective In May 4/18/2012 The Presidents of the United States and Colombia announced at a joint
press conference in Cartagena that a landmark Free Trade Agreement between the two nations will become effective
on May 15, 2012, gradually exempting the vast majority of goods from bilateral trade taxes.
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IRS Issues Final Non-Resident Reporting Rule 4/18/2012 The Treasury Department has issued the final regulations on the reporting to the
Internal Revenue Service of interest paid to non-residents by United States
banks from January 1, 2013.
|
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Canada, Chile Expand FTA 4/18/2012 Canada and Chile have signed a modernized and expanded free trade agreement, designed to deepen commercial ties between the two countries.
|
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Italy Delays Transaction Reporting For Banks 4/18/2012 The Italian Revenue Agency has delayed the obligation on banks and other financial
institutions to identify transactions subject to value-added tax and of an amount
over EUR3,600, that will have to be electronically reported
to the tax authorities as part of the government’s efforts to increase tax
compliance.
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US, Tunisia Hold Talks Under Bilateral TIFA 4/18/2012 A delegation from the Office of the United States Trade Representative has recently met with the Tunisian government, under the auspices of the US-Tunisia
Trade and Investment Framework Agreement Council, which was re-launched
late last year.
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Minister Promotes Canada, Peru Trade 4/16/2012 Canada's Minister of International Trade has been promoting the benefits of a deepened Canada-Peru trade and investment partnership, stressing that the relationship creates jobs, prosperity and positive change.
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Mauritius Builds Synergy Between Domestic Regulators 4/13/2012 Mauritius's Financial Services Commission and the territory's Financial Reporting
Council on April 10, 2012, signed a Memorandum of Understanding to ensure
effective information exchange in relation to financial reporting, auditing and
corporate governance.
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Future Bright For Panama: IMF 4/13/2012 The International Monetary Fund has published its Article IV report in respect
of Panama, noting that the country has exited the global downturn robustly, with
a well-capitalised banking system, but efforts should continue to build upon the
tax revenue base to reverse poor revenue performance witnessed last year.
|
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Committee To Review Indian E-Refund Proposals 4/11/2012 A committee is to review India's e-refund system for the reimbursement of tax paid on taxable services used for the export of goods.
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Jersey Business Sentiment In The Doldrums 4/12/2012 The prevailing sentiment among Jersey business is the most negative since records began in 2009, with business activity said to have fallen significantly in the first quarter of 2012.
|
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Guernsey Fund Of Hedge Funds Receives European Accolade 4/11/2012 Guernsey-headquartered Legis Fund Services has been recognised as 'Best Administrator
- under USD30bn Fund of Hedge Funds' at the HFMWeek European Services Provider
Awards.
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Bermuda Welcomes Significant New Reinsurer 4/10/2012 The Bermuda government has welcomed the news that a new reinsurance entity will set up shop in Bermuda from June 1, 2012, as part of a joint venture between Validus Group and hedge fund manager John Paulson.
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Jersey Responds To QROPS Change With New Offering 4/11/2012 The Jersey government has announced the launch of a new Jersey-based pension scheme,
the Recognized Pension Scheme, which provides a structure compliant with UK law following changes to UK rules regarding
Qualifying Recognised Overseas Pension Schemes.
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Manx Legislators Lag Behind QROPS Change 4/10/2012 Isle of Man pensions provider, Boal & Co has confirmed that it has been forced
to cease offering its Trinity QROPS offering until Isle of Man legislation is
brought up to speed with changes to UK pension rules.
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Business Calls For US-Brazil Trade Treaty 4/10/2012 On the occasion of Brazilian President Dilma Rousseff's visit to the United States
on April 9, the US Chamber of Commerce President and CEO Thomas Donohue
called on the two countries to begin discussions on a comprehensive Economic Partnership
Agreement.
|
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Ogier Advises On USD1.1bn Debt Conversion 4/11/2012 Ogier's British Virgin Islands office has advised CEMEX - one of the world's leading
cement and building materials companies - on its most recent notes transaction
valued at USD1.1bn which closed at the end of March.
|
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UK Due To Introduce Tax-Transparent Pooled Fund Structure 4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent
pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
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Swiss Re Corporate Solutions Establishes Dubai Office 4/9/2012 The Dubai Financial Services Authority has granted Swiss Re Corporate Solutions
a licence to operate in the Dubai International Financial Centre.
|
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WTO Makes UAE Trade Recommendations 4/9/2012 The United Arab Emirates plays an important role in the multilateral trading system and has taken bold steps to diversify the economy away from oil and gas, according to the World Trade Organisation.
|
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UK, India Hold Economic And Financial Dialogue 4/6/2012 The UK and India have held their annual Economic and Financial Dialogue, discussing ways to strengthen cooperation and boost trade and investment.
|
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Obama Signs JOBS Act For Small Businesses 4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States
Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups
(JOBS) Act, a bill to encourage startups and support small businesses without
the use of taxpayers’ money.
|
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EFTA, Indonesia Hold FTA Negotiations 4/6/2012 The fourth round of negotiations towards a 'Comprehensive Economic Partnership
Agreement' between the European Free Trade Association states and Indonesia concluded
on March 29, 2012.
|
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China Expands RMB Overseas Investment Scheme 4/6/2012 After close consultations between Hong Kong’s Securities and Futures Commission, the People's Bank of China and China’s State Administration of Foreign
Exchange, the China Securities Regulatory Commission has announced an expansion
of the Renminbi Qualified Foreign Institutional Investor scheme.
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Indian FinMin To Meet With Jewellers Over Tax Row 4/5/2012 India's Finance Ministry is to meet with representatives of the jewellery manufacturing industry following a row over a new excise duty.
|
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US Approves Final Rule On Shadow Banking 4/6/2012 The United States Financial Stability Oversight Council has issued its
final rule and interpretive guidance on the Federal Reserve Bank’s authority
to require supervision and regulation of nonbank financial companies.
|
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EU Provides Funding For Caribbean Tax, Regulatory Reforms 4/4/2012 The Caribbean Forum of African Caribbean and Pacific States and the European Commission on
March 29, 2012, signed three financial agreements, which will provide Caribbean
nations with additional funding to facilitate regional integration, and for reforms to ensure the Caribbean trade bloc can take full advantage of the Economic Partnership Agreement in place with the European Union.
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Singapore Introduces Added Tranche Of GST Compliance Initiative 4/4/2012 The Inland Revenue Authority of Singapore is providing a second SGD5m tranche of co-funding of the fees incurred by businesses registered for goods
and services tax and undertaking the Assisted Compliance Assurance Programme.
|
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Guernsey, Switzerland Discuss Financial Synergies 4/3/2012 Guernsey recently hosted a Swiss government delegation during a two-day visit to the island, which reinforced
the importance of links between Guernsey and Switzerland, particularly in financial
services.
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Italy's Compliance Drive Paying Off 4/2/2012 An Italian Revenue Agency statement has illustrated the much improved results
it achieved last year from its two-prong strategy of targeted tax compliance measures
and more-efficient services for taxpayers.
|
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BC Loan Repayment Boosts Canadian Finances 4/2/2012 British Columbia's repayment of sales tax transition loans helped the federal Canadian government to its first monthly budgetary surplus in nearly three years.
|
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EU Deal Reached On Mobile Roaming Price Caps 3/30/2012 Data roaming and phone calls abroad for European Union consumers
should be much cheaper form July 1 this year, due to a provisional agreement between the European Parliament and the European Council.
|
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State Street Granted Jersey Banking License 3/30/2012 The Jersey Financial Services Commission has granted State Street Corporation,
one of the world's leading provides of financial services to institutional investors,
a license to expand its offerings to include Jersey-based banking.
|
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Hong Kong Begins Islamic Bond Tax Consultation 3/30/2012 The Financial Services and the Treasury Bureau has launched a two-month consultation
on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance
to promote the development of an Islamic bond, or 'sukuk', market in
Hong Kong.
|
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Hong Kong Reviews Insurance Sector Developments 3/28/2012 During his remarks to the Hong Kong Federation of Insurers, the Secretary
for Financial Services and the Treasury, Professor K C Chan, reviewed recent developments
in the insurance industry, that have 'played an important part in the development
of financial services in Hong Kong'.
|
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South Korea, Turkey Sign Preliminary FTA 3/27/2012 Following meetings earlier this month, South Korea and Turkey were able, on March
26, to sign an initial agreement on trade in goods, as a step on the way to a
full bilateral free trade agreement.
|
 |
FTC Issues Final Report On US Data Privacy 3/27/2012 The Federal Trade Commission has issued its final report setting forth best
practices for businesses to protect the privacy of United States consumers and
give them greater control over the collection and use of their personal data.
|
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Hong Kong's SFC Waives Annual Fees 3/27/2012 Hong Kong’s Securities and Futures Commission has announced that the
payment of annual licensing fees will be waived for a two-year period, effective
from April 1, 2012.
|
 |
Schäuble Eyes 'Extended' Stock Market Tax 3/27/2012 German Finance Minister Wolfgang Schäuble has recently conceded that there
is little chance of a financial transactions tax at European Union level,
and has therefore advocated instead the introduction of an extended stock market
tax.
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